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Are Building Codes Effective at Saving Energy? Evidence from Residential Billing Data in Florida

Author

Listed:
  • Grant D. Jacobsen

    (University of Oregon)

  • Matthew J. Kotchen

    (Yale University and NBER)

Abstract

We evaluate the effect of a change in the energy code applied to buildings using residential billing data on electricity and natural gas, combined with data on observable characteristics of each residence. The study is based on comparisons between residences constructed just before and after an increase in the stringency of Florida's energy code in 2002. We find that the code change is associated with a decrease in the consumption of electricity by 4% and natural gas by 6%. We estimate average social and private payback periods that range between 3.5 and 6.4 years. © 2013 The President and Fellows of Harvard College and the Massachusetts Institute of Technology.

Suggested Citation

  • Grant D. Jacobsen & Matthew J. Kotchen, 2013. "Are Building Codes Effective at Saving Energy? Evidence from Residential Billing Data in Florida," The Review of Economics and Statistics, MIT Press, vol. 95(1), pages 34-49, March.
  • Handle: RePEc:tpr:restat:v:95:y:2013:i:1:p:34-49
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    Keywords

    building codes; energy; electricity; natural gas; Florida;

    JEL classification:

    • H4 - Public Economics - - Publicly Provided Goods
    • Q4 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Energy

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